A New Savings Scheme for Ireland’s ‘Middle Classes’: Here’s What We Know so Far

A new savings scheme for Ireland’s ‘middle classes’: Here’s what we know so far

Simon Harris has pledged a new savings strategy. But what will it mean for Irish savers?

Simon Harris wants the 'squeezed middle' to be able to make substantial return on investments

Harris mentioned tackling issues like deemed disposal, or perhaps having lower tax rates for certain amount of money saved or invested.

Harris drawing up incentivised savings scheme to help 'middle classes'

Minister for Finance Simon Harris has said he is looking at ways of making the middle class wealthy. The Government is examining the best way to funnel some of the €170 billion held in deposit accounts in this country into investments. It is thought that savers could be given options of putting some money into an account to be invested in potentially different products with varying degrees of risk in return for tax breaks. Minister for Finance S…